Swing trading with Butterflies

As markets dropped towards the end of yesterday, both the S&P500 Put Fly from Wednesday (#89) and the Nasdaq Put Fly from yesterday (#90) closed in profit. A good week.

Trade date: 30 November 2021
Security: SPX
Price at opening: 4573
Direction: Put
Expiry date: 03 December 2021
Strikes: 4455 / 4495 / 4575
Structure: 2 / 3 / 1
Opening Spread: 9.75
Close date: 01 December 2021
Trade duration: 1
Closing spread: 12.00
Profit / (Loss): 2.25
Profit / (Loss): 23.1%

Trade date: 01 December 2021
Security: NDX
Price at opening: 16354
Direction: Put
Expiry date: 03 December 2021
Strikes: 16050 / 16160 / 16380
Structure: 2 / 3 / 1
Opening Spread: 25.20
Close date: 01 December 2021
Trade duration: 0
Closing spread: 29.95
Profit / (Loss): 4.75
Profit / (Loss): 18.8%

 

Just noticed a typo in SPX Fly per posts #84 and #88.

Strikes: 4540 / 4858 / 4630

should have been

Strikes: 4540 / 4580 / 4630

 

Opened a Short position on Nasdaq for expiry on Monday

Trade date: 02 December 2021
Security: NDX
Price at opening: 15897
Direction: Put
Expiry date: 06 December 2021
Strikes: 15180 / 15580 / 15780
Structure: 1 / 3 / 2
Opening Spread: 47.00

 

Why is it 132?

 

Best potential return based on my modelling @traider

Post #51 explains further.

 

I was travelling on Friday but the Nasdaq trade from Thursday (#93) closed in profit on Friday.

Trade date: 02 December 2021
Security: NDX
Price at opening: 15897
Direction: Put
Expiry date: 06 December 2021
Strikes: 15180 / 15580 / 15780
Structure: 1 / 3 / 2
Opening Spread: 47.00
Close date: 03 December 2021
Trade duration: 1
Closing spread: 58.00
Profit / (Loss): 11.00
Profit / (Loss): 23.4%

 

Opened another Put Fly on Nasdaq:

Trade date: 06 December 2021
Security: NQ
Price at opening: 15688
Direction: Put
Expiry date: 08 December 2021
Strikes: 15270 / 15410 / 15690
Structure: 2 / 3 / 1
Opening Spread: 31.75

 

Put Fly on RUT filled later:

Trade date: 06 December 2021
Security: RUT
Price at opening: 2189
Direction: Put
Expiry date: 08 December 2021
Strikes: 2110 / 2140 / 2200
Structure: 2 / 3 / 1
Opening Spread: 8.40

 

US markets rose today so short trades yesterday are underwater at the moment. One more Put Fly on the S&P500:

Trade date: 07 December 2021
Security: SPX
Price at opening: 4687
Direction: Put
Expiry date: 10 December 2021
Strikes: 4575 / 4635 / 4665
Structure: 1 / 3 / 2
Opening Spread: 6.35

 

The SPX trade closed same day in profit:

Trade date: 07 December 2021
Security: SPX
Price at opening: 4687
Direction: Put
Expiry date: 10 December 2021
Strikes: 4575 / 4635 / 4665
Structure: 1 / 3 / 2
Opening Spread: 6.35
Close date: 07 December 2021
Trade duration: 0
Closing spread: 8.40
Profit / (Loss): 2.05
Profit / (Loss): 32.3%